![ark latest update sucks ark latest update sucks](https://cdn2.downdetector.com/static/uploads/logo/ARK_LOGO.png)
![ark latest update sucks ark latest update sucks](https://pbs.twimg.com/media/EloYJcMVcAAdz_C.jpg)
Again, electric cars provide some insight into the cost curves that Wood and her colleagues use to analyze markets. Laffer says Wood’s approach gives her special insight to the role that a company will play in the economy years into the future. “I don’t think research departments out there are set up to analyze this stock.” ARK’s call on Tesla shares “We have four analysts collaborating on this,” she said in 2019. As Wood and her colleagues see it, Tesla is the automated taxi service of the future-a much more lucrative business than car manufacturing-and its data collected from 30 billion miles of real-world driving will make it the leader in self-driving vehicles. Like Reuters in the 1980s, she said Wall Street analysts didn’t quite know what to do with the electric car company, which Wood says is really a technology company, car maker, robotics firm (automated driving), energy storage company, artificial intelligence pioneer, and transportation-as-a-service enterprise.
#ARK LATEST UPDATE SUCKS HOW TO#
Take Tesla, for example, one of the company’s biggest and most famous bets: “The analysts following this stock don’t know how to analyze it,” she said in April 2019 when she went head-to-head with the hosts on CNBC to defend her call that Tesla shares, changing hands at about $55 at the time, would rise to $4,000. Wood still analyzes stocks that way and says it’s one of the things that makes ARK different. That left an opening for her to become an analyst, and shares in the company rose from $8.25 in 1984 to about $29 in 1991- a 250% return that edges out the S&P 500’s return of roughly 230%, including dividends, during that span. Back in the 1980s, she says, analysts didn’t get it because it wasn’t a pure tech company, and it wasn’t a pure publisher. Those scraps were companies like the news and financial data concern Reuters. I think that’s a big part of success generally.” “I was willing to buy into ideas nobody wanted. “I was like a little dog under the table looking around for scraps, and I really mean that,” she said in an interview with Goldman Sachs. Wood was one of the people Laffer invited to the Oval Office when US president Donald Trump awarded him the Medal of Freedom. Some 40 years after she graduated summa cum laude from USC with a degree in economics and finance, the two are still in touch. Wood has said that Laffer, best known for his views that cutting taxes can boost government revenue, was among her most important mentors. “She wasn’t after it for the highest pay this week or next week,” he says. It’s an approach that sounds a lot like the ways she invests, which has made her a star stock picker. Laffer says each step was designed to further long-term ambitions, to make her a better economist and money manager. She then rose through the industry ranks as equity analyst, portfolio manager, and hedge fund co-founder before starting ARK in 2014 in her late 50s. Laffer says he introduced her to American Funds, where she was hired. His recollections make her sound like a person who would ace the marshmallow test-the social science experiment that suggests children who can delay gratification will go on to greater success in life. She wasn’t in it for next week or next month or next year. “The thing that’s amazing about Cathie…even back then, her horizon was forever. “She was heavily driven, ambitious,” Laffer says in a phone interview. While he couldn’t foresee that she would become a star stock picker whose every trade is dissected by commentators on CNBC, or that she would go on to start ARK Investment, a $50 billion asset management firm that’s disrupting the investing industry itself, Laffer had a feeling Wood would be one of the students who go on to do something really big.